Definition of payment in English:

payment

noun

  • 1mass noun The action or process of paying someone or something or of being paid.

    ‘ask for a discount for payment by cash’
    count noun ‘three interest-free monthly payments’
    • ‘Each jurisdiction has its various clearing and settlement systems for payment.’
    • ‘The workers were demanding the payment of wage arrears and improved working conditions.’
    • ‘The payment of interest on credit balances was its key differentiator in the SME market.’
    • ‘It is therefore important to review interest payments carefully before payment is made.’
    • ‘The first was a bill and the second was a demand for immediate payment in cash.’
    • ‘Your bank will honour the cheque when the holder presents it for payment.’
    • ‘Additionally, you will miss out on early payment discounts, which lots of companies now offer.’
    • ‘It addresses the growing consumer desire to use electronic payment in place of cash.’
    • ‘Otherwise, you will make offers of payment you simply will not be able to afford or honour.’
    • ‘The company is also completing a new site, which will enable online reservation and payment.’
    • ‘The Ministry of Economy has appointed lawyers, who will settle payment of the fines.’
    • ‘They demanded the immediate payment of wage arrears outstanding for nearly a year.’
    • ‘Now imagine what kind of job you need to make that sort of monthly payment.’
    • ‘Many stores will accept payment by cheque or postal order.’
    • ‘The strikers are demanding the payment of salary arrears, which have been building up for some time.’
    • ‘Before a driver is dispatched to assist a client, payment should be made first by credit card or cash.’
    • ‘Despite reminders for payment in writing and by telephone you have failed to discharge this debt.’
    • ‘The underlying problem is one about payment of fees, is it not?’
    • ‘Some also involve the payment of fees which can vary considerably depending on the scheme.’
    • ‘Cash in hand is the best method of payment available, which means that it produces the best reductions.’
    remittance, remission, settlement, discharge, clearance, liquidation, reckoning
    View synonyms
  • 2An amount paid or payable.

    ‘a compensation payment of £2500’
    • ‘In addition, she is requesting a lump sum payment in lieu of spousal support.’
    • ‘If you are over 64, the total amount of the payment you receive will be reduced on a sliding scale.’
    • ‘In addition this group will no longer have to pay tax on dividend payments.’
    • ‘In addition to this, you can often reduce the tax payable by making a payment towards the cost of your car yourself.’
    • ‘The more he answered the more questions he got and the more credit payments he received.’
    • ‘Almost 950,000 people received a weekly social welfare payment.’
    • ‘However, daily interest would have continued to be added to it until your payment was received.’
    • ‘Are you still having problems claiming the new tax credits, or have you now received your payments?’
    • ‘Although I'm delighted to be receiving the payment, in many ways it all seems to have happened very quickly.’
    • ‘But do so before the payment is due to maintain the most leverage.’
    • ‘Every time the pictures are published, the charity will receive a payment.’
    • ‘Shareholders will most likely receive the payment for their shares in early December.’
    • ‘Of course, it's the insurance companies that have to pay out the compensation payments.’
    • ‘This is so, however large or small may be the amount of the payment.’
    • ‘However, he also wanted to use those savings to reduce his monthly mortgage interest payments.’
    • ‘By receiving these in shares rather than cash, they will be able to avoid paying tax on the bonus payments.’
    • ‘Surely there is a case for a reduced payment for those who receive an inferior service.’
    • ‘Typically debt management companies will take your entire first monthly payment to them as an initial fee.’
    • ‘Unfortunately we have not received any of the payments that are due to us at this moment in time.’
    • ‘Those who wanted to be paid each month would receive their payments at the beginning of May as planned.’
    instalment, premium, amount, remittance
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    1. 2.1mass noun Something given as a reward or in recompense for something done.
      ‘a suit with a velvet collar that I got as payment for being in the show’
      salary, wages, wage, pay, earnings, fee, fees, remuneration, take-home pay, gross pay, net pay
      View synonyms

Origin

Late Middle English: from Old French paiement, from payer ‘to pay’.

Pronunciation

payment

/ˈpeɪm(ə)nt/